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It had been the key competitor of Matchbox before 1997, when Mattel purchased Tyco Toys, then-owner of Matchbox.
Many automobile manufacturers have licensed Hot Wheels to make scale models of their cars, permitting the use of first design patterns and detailing. Although Hot Wheels were initially intended for children and young adults, so they have become popular with mature collectors, such as limited edition models are now made accessible.
Racing track set
Along with the cars themselves, Mattel made a racing track record (sold separately). Though it would be upgraded throughout time, the initial track consisted of a string of brightly colored orange road segments (pieced together to form an oblong, circular race track), with a single (or two) “super chargers” (faux service channels through which cars passed on the tracks, including battery-powered spinning wheels( which would propel the cars along the tracks).
During the years, Hot Wheels cars are gathered mostly by children, but at the last 15 years[vague] there’s been an increase in the amount of mature collectors. Mattel estimates that 41 million kids grew up playing with the toys, the average collector has over 1,550 cars, and kids between the ages of 5 and 15 have an average of 41 automobiles. Most believe the collecting craze started with the Treasure Hunts at 1995. Mike Strauss has been known as the father of Hot Wheels collecting; he’s arranged two collectors’ occasions annually in some sort since 1986. The very first event was the Annual Hot Wheels Collectors Convention, generally held every year in the fall. The conference happened in various locations around the country until 2001, when the first Annual Hot Wheels Collectors Nationals was assembled together. Ever since that time, the Conventions are held every year in southern California. The Hot Wheels Collectors Nationals rotate among cities out of California through the spring. Strauss has also published the quarterly Hot Wheels Newsletter since 1986 and has been one of the first to unite collectors all over the world. He also writes the Tomart’s Guide To Hot Wheels, a publication listing history, auto descriptions and values, which is used by virtually every collector to find out more about the hobby and also their own collection. Strauss sold his group from 2011 and retired from the Hot Wheels Newsletter.
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